We are live on
!
Find out more
RCA
Restructuring Capital Associates Portfolio holdings
AUM
$115M
1-Year Est. Return
20.18%
This Fund
S&P 500
This Quarter
Est. Return
+8.31%
1 Year Est. Return
+20.18%
3 Year Est. Return
+71.17%
5 Year Est. Return
+30.85%
10 Year Est. Return
–
AUM
$115M
AUM Growth
-$25.2M
(-18%)
Cap. Flow
-$32.3M
Cap. Flow
% of AUM
-28.03%
Top 10 Holdings %
Top 10 Hldgs %
98.98%
Holding
18
New
1
Increased
4
Reduced
5
Closed
7
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
ARCH
Arch Resources, Inc.
ARCH
|
+$24.3M |
| 2 |
OIBR.C
OI S.A. American Depositary Shares, each representing five shares of common stock
OIBR.C
|
+$6.73M |
| 3 |
Macy's
M
|
+$5.25M |
| 4 |
FTR
Frontier Communications Corp.
FTR
|
+$729K |
| 5 |
QHC
Quorum Health Corporation
QHC
|
+$291K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Nuveen Credit Strategies Income Fund
JQC
|
+$18.9M |
| 2 |
Invesco Senior Income Trust
VVR
|
+$12.5M |
| 3 |
Kohl's
KSS
|
+$7.3M |
| 4 |
BlackRock Floating Rate Income Strategies Fund
FRA
|
+$6.57M |
| 5 |
CRC
California Resources Corporation
CRC
|
+$5.91M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 29.85% |
| 2 | Industrials | 16.1% |
| 3 | Communication Services | 14.94% |
| 4 | Consumer Discretionary | 12.43% |
| 5 | Materials | 5.36% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
ARCH
1
DELISTED
Arch Resources, Inc.
ARCH
| $25.2M | 21.92% |
+276,382
| New | +$24.3M |
|
|
2
Macy's
M
$6.23B
| $14.3M | 12.43% |
595,216
+207,716
| +54% | +$5.25M |
|
|
3
Invesco Senior Income Trust
VVR
$456M
| $12.2M | 10.56% |
2,893,850
-3,035,292
| -51% | -$12.5M |
|
|
OIBR.C
4
DELISTED
OI S.A. American Depositary Shares, each representing five shares of common stock
OIBR.C
| $11.2M | 9.75% |
5,969,407
+3,416,885
| +134% | +$6.73M |
|
|
5
Nuveen Credit Strategies Income Fund
JQC
$702M
| $11.2M | 9.73% |
1,448,190
-2,438,488
| -63% | -$18.9M |
|
6
United Rentals
URI
$65.5B
| $10.3M | 8.94% |
90,000
-10,908
| -11% | -$1.35M |
|
|
CRC
7
DELISTED
California Resources Corporation
CRC
| $9.12M | 7.93% |
354,674
-272,668
| -43% | -$5.91M |
|
8
Pitney Bowes
PBI
$2.51B
| $8.25M | 7.17% |
1,200,496
| – | – |
|
9
Constellium
CSTM
$3.83B
| $6.17M | 5.36% |
772,821
-201,577
| -21% | -$1.72M |
|
|
FTR
10
DELISTED
Frontier Communications Corp.
FTR
| $5.97M | 5.19% |
3,000,000
+300,000
| +11% | +$729K |
|
|
QHC
11
DELISTED
Quorum Health Corporation
QHC
| $1.18M | 1.02% |
840,464
+108,157
| +15% | +$291K |
|
12
American Airlines Group
AAL
$9.91B
| – | – |
-50,000
| Closed | -$1.61M |
|
13
Delta Air Lines
DAL
$55.4B
| – | – |
-35,000
| Closed | -$1.75M |
|
|
14
BlackRock Floating Rate Income Strategies Fund
FRA
$380M
| – | – |
-551,777
| Closed | -$6.57M |
|
15
Nuveen Floating Rate Income Fund
JFR
$1.24B
| – | – |
-491,640
| Closed | -$4.54M |
|
|
JWN
16
DELISTED
Nordstrom
JWN
| – | – |
-53,100
| Closed | -$2.48M |
|
|
17
Kohl's
KSS
$1.96B
| – | – |
-110,000
| Closed | -$7.3M |
|
18
Target
TGT
$63.4B
| – | – |
-75,000
| Closed | -$4.96M |
|
Similar funds
LS
SCM
SC
AQA
WA
WCM
MG
QAM
Restructuring Capital Associates's Q1 2019 Portfolio in Review
As of Q1 2019, Restructuring Capital Associates held 18 positions worth $115M, down 18% from $140M the previous quarter. Its ten largest holdings account for 99% of the portfolio.
Restructuring Capital Associates withdrew a net $32.3M in Q1 2019, closing 7 positions and reducing 5 holdings. Its most notable exit was Kohl's, an estimated $7.3M position sold in full.
By sector, the portfolio is most concentrated in Energy at 30% of assets, up from 7.6% a quarter earlier, followed by Industrials and Communication Services.
Against the trend, Restructuring Capital Associates opened a new position in Arch Resources, Inc. worth $25.2M.
- Restructuring Capital Associates's largest Q1 2019 buy was Arch Resources, Inc.: 276,382 shares worth $25.2M.
- Restructuring Capital Associates added most to OI S.A. American Depositary Shares, each representing five shares of common stock in Q1 2019, an estimated $6.73M increase.
- Restructuring Capital Associates's biggest Q1 2019 reduction was Nuveen Credit Strategies Income Fund, cutting an estimated $18.9M.
- Restructuring Capital Associates fully exited Kohl's in Q1 2019, selling an estimated $7.3M.
- Restructuring Capital Associates's ten largest holdings make up 99% of its $115M portfolio in Q1 2019.
- Restructuring Capital Associates opened 1 new position and closed 7 in Q1 2019.
- Restructuring Capital Associates's portfolio value fell 18% quarter-over-quarter to $115M.
Based on Restructuring Capital Associates's 13F filing for Q1 2019, filed 15 May 2019.